Updated: October 7, 2025
Advertising & Editorial Disclosure
The average cost of homeowners insurance in Colorado in 2024 is $3,320. This is $897 higher than the national average of $2,423. Aside from coverage amount, credit rating has the largest impact on premiums. Homeowners with poor credit pay up to $10,762 more than those with excellent credit.
If your rates have recently increased, we've also analyzed the cheapest policies in the state. Remember, the insurance provider you choose can also influence your premiums.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — It's free to use, requires no personal information and we won't send you any spam.
Rates updated:
Oct 31, 2025
Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
Table of Contents
To establish the average cost of homeowners insurance in Colorado, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.
These rates reflect the average cost of home insurance in Colorado as of 2024.
Colorado homeowners insurance costs $3,320 per year on average for $250K dwelling coverage, $125K personal property and $200K liability, about $900 more than the national average of $2,423.
Figure out how much coverage you need by calculating what it would actually cost to rebuild your home and replace everything inside it. Factor in your personal property, additional structures like sheds or detached garages, liability protection and living expenses if you can't stay home during repairs.
A policy with $100K dwelling coverage costs about $1,921 per year. If you need more protection for a larger or more valuable home, a $500K dwelling coverage policy runs $5,586 annually. Your premium increases with your coverage amount.
| $100K Dwelling / $50K Personal Property / $100K Liability | $1,921 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $3,320 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $5,586 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $7,307 |
Colorado homeowners insurance rates vary widely by company, with Auto-Owners charging the lowest premiums in the state and Nationwide among the highest for the same coverage.
Shop around among Colorado's top providers to find your best rate. Each company uses different underwriting criteria and has different claims experience in Colorado, thereby affecting prices.
| Auto-Owners Insurance | $1,587 |
| USAA | $2,640 |
| Chubb | $2,685 |
| State Farm | $2,760 |
| American Family | $3,298 |
| Allstate | $3,519 |
| Farmers | $4,893 |
| Nationwide | $5,177 |
Homeowners in Colorado with excellent credit pay $2,650 per year on average for homeowners insurance, $670 less than the state average. Those with poor credit pay $13,412 annually, $10,092 more than average. Your credit score directly affects your rate.
Improving your credit score takes time, but you can lower your rates by comparing insurers. Different companies weigh credit differently, so shop around for affordable homeowners insurance in Colorado that fits your budget.
| Poor | $13,412 |
| Below Fair | $6,564 |
| Fair | $4,301 |
| Good | $3,320 |
| Excellent | $2,650 |
Your home's construction materials and roof type affect your insurance rate, though not as much as coverage amount or credit score.
Tile roofs cost less to insure in Colorado because they're more durable. Shake-treated roofs resist severe weather less effectively and cost more. Fire-resistant materials like brick or concrete lower your premiums compared to standard wood frame construction.
Here's how different roofing and construction materials affect your rates:
| $100K Dwelling / $50K Personal Property / $100K Liability | $1,921 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $3,320 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $5,586 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $7,307 |
| $1M Dwelling / $500K Personal Property / $1M Liability | $9,134 |
New construction homes in Colorado cost less to insure because they use modern materials and meet current building codes. A newly built home costs $1,828 per year on average, $1,492 less than homes built around 2000, which cost $3,320 annually.
Here's how premiums compare for new versus existing homes at different coverage levels:
| Existing Construction (2000) | $3,320 |
| New Construction (2023) | $1,828 |
Colorado homeowners with no claims in the past five years pay $3,320 per year on average. One claim in the past five years raises your rate to $3,627 annually, and two claims increase it to $3,875. File claims only for major losses to keep your rate low.
| Claim free for 5+ years | $3,320 |
| 1 claim in past 5 years | $3,627 |
| 2 claims in past 5 years | $3,875 |
In Colorado, wildfires, winter storms, earthquakes, tornadoes and flooding pose the highest annual risks to homes. Homeowners insurance policies cover disasters like tornado and fire damage but often exclude flood damage. Homeowners need to purchase separate flood insurance. Wildfires are covered by homeowners insurance.
Colorado homeowners insurance costs vary by city, ranging from $2,646 to $3,853 annually. Fort Collins residents pay the lowest rates at $2,646, while Denver homeowners pay $3,667 and Boulder residents pay $2,884. Your location affects your rate based on local weather patterns, crime rates and claims history.
| Arvada | $3,348 |
| Aurora | $3,666 |
| Boulder | $2,884 |
| Centennial | $3,609 |
| Colorado Springs | $3,636 |
| Denver | $3,667 |
| Fort Collins | $2,646 |
| Greeley | $3,430 |
| Highlands Ranch | $3,479 |
| Lakewood | $3,349 |
| Loveland | $2,695 |
| Pueblo | $3,853 |
| Thornton | $3,383 |
| Westminster | $3,303 |
Shop smart for Colorado homeowners insurance by comparing quotes and understanding what drives your rate. Here's how to find the best value:
Determine how much coverage you need by calculating your home's rebuilding cost, not its market value. Include enough to replace your belongings and cover temporary housing.
Get quotes from at least three insurers with identical coverage limits for accurate comparisons. Rates vary widely by company for the same coverage.
Ask every insurer about available discounts. Common ones include bundling home and auto policies, installing security systems, maintaining a newer roof and staying claims-free.
Check customer complaint ratios with the Colorado Division of Insurance and review financial strength ratings from AM Best. Choose an insurer that pays claims fairly and maintains strong financial reserves.
Select the policy with the best combination of coverage, price and company reputation. The cheapest option isn't always the best value if the company has poor claims service.
Complete your application, pay your first premium and confirm your coverage start date. Store your policy documents securely and review your coverage annually.
Bundle your home and auto insurance in Colorado to save money. Our analysis found bundling discounts ranging from $0 to $1,255, with average savings of 12.7% on your combined premiums. See which companies offer the best home and auto bundles in Colorado.
Ask about these common Colorado homeowners insurance discounts:
Check our guide on how to save with discounts for more ways to lower your rate. Ask about every available discount when you request quotes since not all companies offer the same ones.
In Colorado, Auto-Owners Insurance offers the lowest average premium at $1,587. For more options, explore cheap national providers.
Homeowners insurance covers tornado damage. But natural disaster coverage varies by insurer.
Flood insurance isn't included in a standard home policy. You can purchase it through the National Flood Insurance Program or a private flood insurer, and some home insurers offer it as an endorsement.
Credit rating is a major factor; the difference between excellent and poor credit can change premiums by up to $10,762.
Bundling in Colorado can save up to $1,255 on average.
These resources can help you find the right coverage and understand Colorado insurance regulations:
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
